That fancy high-speed Phantom camera is pretty much a child's toy when compared to MIT's…
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The camera is actually part of a microscope set-up, and it uses a process known as STEAM: serial time-encoded amplified microscopy, a system which users laser light to create images. It has a shutter speed of just 27 picoseconds, which means it can take 36.7 million frames per second.

Which is all very impressive but... what use is it? Well, its currently being used to analyze cells. A stream ofcells pass under its field of view, at 9mph, and consequently the camera can be used to analyze 100,000 of the things every second. That's 100 times quicker than any previous microscope.

The upshot is that millions of cells can be imaged and then analyzed computationally to spot abnormalities. In turn, it's possible to detect incredibly rare cancer cells in blood, with a record-low false positive rate of one in a million.

In fact, the throughput of the cells isn't limited by the speed of the camera—but by the rate at which cells can be moved without damage. Talk about future-proofing... [PNAS via PopSci]